Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation (Tables)

v3.21.1
Share-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options and Restricted Stock Units Activity

The following table summarizes share activity related to stock options and restricted stock units:

 

 

 

Stock
Options

 

 

Restricted
Stock Units

 

Options Outstanding/Nonvested RSUs, December 31, 2020

 

 

—

 

 

 

—

 

Granted

 

 

126,000

 

 

 

1,570,600

 

Options Exercised/RSUs released

 

 

—

 

 

 

(60,000

)

Forfeited

 

 

—

 

 

 

—

 

Options Outstanding/Nonvested RSUs, March 31, 2021

 

 

126,000

 

 

 

1,510,600

 
Summary of Stock Option Granted

The following table summarizes the stock options granted in 2021:

 

Weighted average fair value

 

$

9.60

 

Weighted average exercise price

 

$

10.00

 

Remaining average contractual term (years)

 

 

9.9

 

 
Summary of Assumptions Utilized in Valuation of Stock Option Awards The following table summarizes the assumptions utilized in the valuation of the stock option awards for the three months ended March 31, 2021:

 

Expected dividend rate

 

 

0.0

%

Expected stock price volatility

 

 

28.8

%

Risk-free interest rate

 

 

1.6

%

Expected term of options (years)

 

 

10.0